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Swiss National Bank Chairman sees slower global growth due to raised uncertainties

BY Reuters | ECONOMIC | 05:27 AM EDT

ZURICH, June 3 (Reuters) - Global economic growth may temporarily slow, Swiss National Bank Chairman Martin Schlegel said on Wednesday, citing increased uncertainty.

Here are other details of what Schlegel mentioned at an event for the Swiss hospitality industry in Bern, according to the presentation slides.

-- The Swiss hotel industry has shown itself to be resilient, and price competitive despite rise in the value of the Swiss franc

-- Appreciation pressure has risen on the Swiss franc due to the conflict in the Middle East

-- The SNB has an increased readiness to intervene in forex market, repeating earlier comments

-- The mid-term inflation pressure in Switzerland has hardly changed

--Hotel prices abroad in local currencies have risen higher than in Switzerland (Reporting by John Revill Editing by Madeline Chambers)

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